Ethiopia’s Airport Enterprise received the International Civil Aviation Organization certification for Bole International Airport, Addis Ababa, making it one of a handful of airports in Africa who have the certificate.

A UN agency based in Canada, ICAO establishes the principles and techniques for international air navigation and promotes the planning and development to ensure the safety and orderly growth of international air transport.

The Airport’s Enterprise trained its personnel and obtain new technology to meet the Agency’s criteria for certification explained an official.

The annual inflation rate in Ethiopia slowed to 32.5% in March from 35.3% in February announced the Central Statistics Agency.

Food prices rose by 40.9% in March as compared to the same time last year, which is lower than the 47.4% increase seen in February. Non food inflation also eased rising 20.4% year on year as compared to 21.5% the month before.

Consumer prices month on month rose by 4.6% in March from 2.7% the previous month according to the report from the agency.

Ethiopia signed Double Taxation Agreements with four countries; China, India, Egypt and Sudan.

The agreements were presented to the House of Peoples’ Representatives for approval with the agreements expected to become active once they are ratified by the House.

The agreements will protect investors from double taxes on the same declared income thus enabling business from China, India Egypt and Sudan to pay income tax only once according to the Ministry of Finance and Economic Development.

Ethiopia is to establish a chemical corporation to handle state owned chemical related industries in the future. The new corporation will be under the auspices of the Ministry of Industry and will be a part of the complex fertilizer project.

The fertilizer complex will be under the control of the chemical corporation expected to be set up by the end of the current fiscal year according to Tadesse Haile, State Minister of Industry.

Appropriate studies have been conducted for the establishment of the new corporation and it is expected that its formation will be ratified by the government soon said Tadesse.